Technical levels of AUD/CAD
EUR/CAD broke support zone
- EUR/CAD broke support zone
- Next sell target - 1.4000
EUR/CAD continues to fall after the earlier breakout of the support zone lying between the key support level 1.4160 (which stopped previous minor impulse wave (i) in March) and the 50% Fibonacci correction of the sharp upward B-wave from the middle of February. The breakout of this support zone accelerated the active impulse waves (iii) and C.
The active minor C-wave belongs to the intermediate ABC correction from the start of November. EUR/CAD is expected to fall further toward the next sell target at the round support level 1.4000.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...